Vanguard Asset Management is planning to launch a short-dated US dollar corporate bond ETF, Investment Week understands.
The ETF will track the Bloomberg Barclays Global Aggregate Corporate 1-3 Year USD index and have an ongoing charges figure (OCF) of 0.15%.
It will provide investors with exposure to global short-dated, investment grade corporate debt, issued in US dollars with 1-3 years duration.
The ETF will be another part of the firm's core range and will enable investors to shorten the overall duration on their fixed income holdings.
This is the first ETF Vanguard has launched this year. In October last year, it listed the Vanguard Euro Stoxx 50 UCITS ETF on the London Stock Exchange and Deutsche Börse.
More recently, the firm unveiled the Vanguard Global Corporate Bond Index fund and Vanguard Global Short-Term Corporate Bond Index fund on 2 November 2017.
In the fixed income space, Vanguard launched its first actively managed fixed income product for the UK retail market on 14 September last year, the Vanguard Global Credit Bond fund.
Last month, Investment Week revealed the firm hired ETF Securities' head of wealth and Spain Liz Wright as senior ETF sales specialist.
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